Alstom thrives on 10bp premium

Heavily oversubscribed deals for French engineering company Alstom and telecoms group Bouygues gave Europe’s corporate bond market a lift this week, after a less than stellar start to the year, marked by a series of poorly performing deals. Alstom’s deal was one of the first of 2010 to come with a new issue premium — of about 10bp — which proved to be a winning formula.
Get all the reactions to these deals in EuroWeek on Friday.